Beyond (NYSE:BYON) Earns Buy Rating from Analysts at Maxim Group

Maxim Group began coverage on shares of Beyond (NYSE:BYON) in a research note published on Wednesday, MarketBeat.com reports. The firm issued a buy rating and a $50.00 price target on the stock.

A number of other research analysts also recently commented on the stock. Barclays lifted their price objective on shares of Beyond from $24.00 to $30.00 and gave the company an equal weight rating in a research report on Thursday, February 22nd. Compass Point assumed coverage on Beyond in a report on Thursday, February 1st. They set a buy rating and a $45.00 price target for the company. Needham & Company LLC restated a buy rating and issued a $40.00 price objective on shares of Beyond in a research note on Friday, April 12th. Piper Sandler lifted their target price on Beyond from $26.00 to $27.00 and gave the stock a neutral rating in a research note on Thursday, February 22nd. Finally, Wedbush reissued an outperform rating and set a $35.00 target price (up from $33.00) on shares of Beyond in a report on Wednesday, February 21st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Beyond has a consensus rating of Moderate Buy and a consensus price target of $39.00.

Beyond Price Performance

Shares of NYSE BYON opened at $22.79 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.10. The company’s 50 day moving average is $30.88. Beyond has a 52 week low of $13.71 and a 52 week high of $39.27.

Beyond (NYSE:BYON) last announced its quarterly earnings data on Tuesday, February 20th. The company reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.51). Beyond had a negative return on equity of 16.92% and a negative net margin of 19.72%. The company had revenue of $384.46 million for the quarter, compared to the consensus estimate of $343.10 million. As a group, sell-side analysts predict that Beyond will post -1.59 earnings per share for the current year.

Beyond Company Profile

Beyond, Inc operates as an online retailer of furniture and home furnishings products in the United States and Canada. The company offers furniture, bedding and bath, patio and outdoor gear, area rugs, tabletop and cookware, décor, storage and organization, small appliances, home improvement, and other products under the Bed Bath & Beyond brand.